shareholders
Latest
Minutes from Apple's shareholder meeting
Fortune's Apple 2.0 blog has some unofficial minutes from this week's Apple shareholder meeting -- while press weren't actually allowed inside the event (which featured Apple's board, including Al Gore, Steve Jobs, and new co-lead director Andrea Jung), that didn't stop an anonymous shareholder from revealing the goings-on. Not that it mattered much -- the whole affair sounds pretty boring, with Apple running down what they've done in public over the past year, along with lots of formalities and shareholder votes. One highlight is that Steve Jobs sounds like he's got the magic back -- apparently he was "feisty" during the Q&A session, and he sounds like he's back to work, saying that Apple is holding onto their piles of cash for some "big, bold moves." There was news that Apple is planning to expand their retail presence in China, opening up 25 Apple Stores over there over the next two years. Both a stock split and a sustainability proposal were brought up, discussed, and turned down by the shareholders (more on the stock split here on TUAW in just a bit). In short, Apple is a company, just like any other. It's actually fun to see behind the doors on this one, and get a look at the mechanics that drive this historic company. You almost get a sense of what Jobs is like in actual meetings -- fairly demanding, always pushing for answers (or questions), and while opinionated, always fair (Eric Schmidt was brought up, and Jobs said that the Google VIP "conducted himself appropriately" while at Apple). Despite the fact that those two proposals were declined, it sounds like a productive meeting.
Microsoft CEO Ballmer says Windows 7 sales are double its predecessors'
Microsoft's CEO Steve Ballmer was on hand for the company's annual shareholder's meeting in Washington, and news of Windows 7 sales came up right away. While delivering the opening remarks, Ballmer said that Microsoft has sold twice as many copies of Win 7 as any previous Microsoft OS in a comparable time frame. That's including both OEM sales and boxed retail copies, of course, and though no specific numbers were mentioned, the good news isn't completely unexpected as pre-orders were through the roof. High five, Microsoft.
Apple shareholders will re-elect board
Earlier this week, Bloomberg reported that Steve Jobs would not attend Apple's shareholder meeting, scheduled for this week. It would be the first one Steve missed in 10 years. Now, we've learned that the shareholders have decided to re-elect the Apple board.As MacNN points out, I don't think this is a blatant attempt to re-consider Jobs' position as CEO (don't worry, the blogosphere will soon erupt with exactly that accusation), but more of a confidence-builder for investors and customers: Yes, we have a backup plan in place should Steve become unable to fulfill his current duties.There's no word on when this vote will take place, and all current board members will be in place for at least one more year. As you probably remember, Steve Jobs took a leave of absence from Apple in January, scheduled to last until June of this year.
Shareholders officially approve Activision-Blizzard merger
Like a storied Hollywood romance, the landmark merger of Activision and Vivendi Universal first took us by surprise; then garnered approval over time; and finally comes to fruition today as Activision's shareholders have approved the buy-out, with a whopping 92% voting in favor of the deal. When you consider EA, their biggest rival, is reporting losses and both Activision and Vivendi Universal riding high on the backs of Guitar Hero and World of Warcraft respectively, this deal will have as much resonance on the stock market as it does within the game industry proper.We've heard many a detail on the stormy courtship between the two publishers, with hints at who sought out who and to what ends for some time now. Even as much as we've written about it, this whole affair has had a sense of unreality since the beginning, and it's bizarre to think that the deal is finally complete. This blogger, for one, welcomes our new Activision-Blizzard overlords.
Activision-Blizzard merger may be complete on July 9th
WoW Insider sister site Big Download is reporting that the Activision-Blizzard merger is getting closer and closer to reality. They recently won another victory in court today, as a Delaware court struck down an attempt by the Wayne County Employees' Retirement System to gain a preliminary injunction against the deal. We're now coming up fast the July 8th Activision shareholders' meeting, where they will vote to approve the merger. Activision has already said that they expect the merger to be official on or about July 9th, according to Big Download. This, of course, squeaks in just under the wire for the E3 expo. Activision-Blizzard has already said they don't plan to participate, but that they will hold a press conference on or near the dates of the expo. It seems likely now that they will be officially announcing the completion of their merger. Of course, we here at WoW Insider are hoping the merger isn't the only thing they reveal. A WoTLK cinematic and official release date or another L70ETC song on Guitar Hero would be nice, I'd say.
Activision shareholders to vote on Activision-Blizzard merger
In Blizzard company news, another major milestone for the planned Blizzard-Activision merger is now set for July 8th, when a special meeting of Activision's shareholders will vote on their merger with Vivendi Games, Inc., the parent company of Blizzard. The meeting will take place in Beverly Hills, CA. So far, Activision's been clearing the hurdles to the merger nicely, and executives from both companies seem pretty excited about the deal, so It seems unlikely that the shareholders will balk too much (then again, there is that lawsuit). The timing of this meeting is apparently later than expected according to sister site Big Download, but it is worth noting that it still beats out E3, which will take place on July 11th-13th. You'll recall that Blizzard and Activision dropped out of E3. Rumor has it that they are also planning to hold a press conference during E3, on the first day, and being able to reveal final details of when, where, and how the merger will complete during that press conference would be quite a coup, for sure. [Via Big Download]
NAVTEQ shareholders give thumbs-up to Nokia acquisition
Maybe they were just full of holiday cheer, or maybe they just felt like the match really was made in heaven, but whatever the case, NAVTEQ shareholders "overwhelmingly" voted to approve the Nokia acquisition announced in October. The affirmation will reportedly pave the way for the $8.1 billion deal to go final shortly, as antitrust regulators already signed off on it last week. Yep, looks like NokTEQ will be coming your way soon.
Sir Howard proclaims with PS3's help, Sony "is on a comeback"
The always cheery Sir Howard Stringer awoke from his six-month hibernation tossed a few nuggets of positivity to investors at the annual shareholders meeting in Tokyo. First, he announced the company is on the road to recovery and held the PS3 in high regard as "vital" for a successful Sony future. Pronouncing that "production problems have been solved" he went on to ease investors likely nervous from the last earnings report by reassuring them of the cyclical nature of console profits. "We always lost money in the hardware, initially and recover that money gradually," he said. And in downplaying his non-Japanese citizenship, he beat his chest and exclaimed, "I am not a foreigner. I am a warrior." Uh-huh. Perhaps if he wore a headdress and performed a tribal dance, his warrior statement would've been more compelling instead of just ... silly.
Apple shareholders to vote on green
Apple shareholders will vote on removing hazardous chemicals from the Apple product line at the upcoming May 10th annual meeting according to Macworld. Apple's board thinks Apple already has sufficient environmental standards and opposes the resolution, which was introduced by Trillium Asset Management of Boston. Trillium, an investment firm, specializes in "socially responsible investments". The chemicals in question include brominated flame retardents and polyvinyl chloride plastics.
Jobs talks media centers, recycling, and CRT's at shareholder meeting
Macworld spills the beans about what was said at Apple's shareholder meeting, and some interesting things were mentioned. Jobs said that of the products Apple has in the pipeline are, 'the best I’ve ever seen in my life.' He also said that he hears concerns about a media center 'loud and clear,' perhaps hinting that Apple will be delivering a full blown media center sooner rather than later (though that is pure conjecture). Jobs also said that the new MacBook Pros are 'bitchin.' Well said, Steve.What would an Apple shareholder meeting be without a little PC bashing? Responding to concerns about Apple's environmental record Jobs pointed out that Apple's new recycling program accepts PC's and Macs. Phil Schiller added, 'I think there are a lot of PCs that should be recycled'. Oh, Phil, you scamp!Thanks, Eric.